Question: 18. The demand equation for a certain product is q 3000 - p2 where p is in dollars. Find the point elasticity of demand when

18. The demand equation for a certain product is q 3000

18. The demand equation for a certain product is q 3000 - p2 where p is in dollars. Find the point elasticity of demand when p = 40, and use this value to compute the percentage change in demand if the price of $40 is increased by 7%

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